Scott Krone, founder and Managing Partner of Coda Management Group joined John Carney, a highly-respected thought leader in the specialized and lucrative field of real estate investing, on the Real Estate Locker Room podcast. They discuss the importance of making profitable business adjustments for long-term success, and how doing so has proved key for Coda Management Group.

Some key takeaways from the interview include:

• Teamwork is important, and you need to work together for a collective goal.
• The overall market affects the real estate market.
• You can’t operate in a vacuum – you have to pay attention to what is happening around you – from the market to your competition.
• With commercial real estate, pay attention to the numbers. Commercial real estate is more numbers driven where residential real estate is more emotional driven.
• Never be content, and always look to improve.

Listen to the full interview, and read the complete show notes here!

Cashflow Ninja is a podcast aimed at empowering and inspiring people to discover how to generate their own income and manage, grow and protect their own wealth in the new economy. Scott Krone, founder and Managing Partner of Coda Management Group joined M.C. Laubscher on the Cashflow Ninja to share why and how he got started in the Self Storage space, and how buying distressed real estate assets in a non-distressed market has paid off for his business. He shares where his story all started, how Coda Management Group got started and some tips of the trade.

Some key takeaways from the interview include:

• Where there is an increased amount of risk, there is an increased amount of money potential.
• We make our money on the “buy” portion of a real estate investment deal. We focus on the acquisition to make sure that we are buying at a really good price point to take advantage of inefficiencies in the marketplace.
• The biggest factor in Self Storage is saturation levels – how many other competitors do you have in a very fixed radius.
• Self Storage is more of a “Crockpot” investment. It’s not a “microwave” investment where you get rich quick, but the time and investment pays off in the long run.

Listen to the full interview, and read the complete show notes here!

Like its name suggests, Commercial Real Estate Pro Network is a podcast about Commercial Real Estate Investing. It is designed to be a resource for investors and professionals engaged in Commercial Real Estate.

Scott Krone, founder and Managing Partner of Coda Management Group, joined J. Darrin Gross on Commercial Real Estate Pro Network to discuss Self Storage real estate investing being an attractive alternative to low cap multifamily. In addition to providing some basic Self Storage education, Scott shares some secrets to Coda Management Group’s success.

Some key takeaways from the interview include:

• The ideal Self Storage opportunity is an existing building with current zoning in place that allows for Self Storage. There is less hassle, and the timeline is shorter.
• Understanding the opportunity better than your competition is the key to success.
• The difference between renovating and new construction is staggering including the total timeline and costs. 

Listen to the full interview, and read the complete show notes here!

How To Lose Money is a wealth-building podcast dedicated to the honest, sometimes gut-wrenching stories of business and life lessons learned. Scott Krone, founder and Managing Partner of Coda Management Group, joined How To Lose Money podcast hosts, Paul Moore and Josh Thomas to discuss the importance of getting everything in writing. In this podcast episode, he shares a specific example that could have turned out very differently had written (and not verbal) consent been obtained.

Some key takeaways from the interview include:

• There are things you can control and things you can’t control in life. Maximize the things that you can control, so that you don’t have to experience those pains.
• Look for and seek out mentors – you can grow from their experiences, you don’t have to recreate the wheel, and you can grow faster.
• Don’t go into panic mode, do your research, and look for alternative, viable solutions to get you out of bad situations.

Listen to the full interview, and read the complete show notes here!